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  • #917,081
  • Aug 15, 2014 5:21pm Aug 15, 2014 5:21pm
Been getting a lot of email on eurusd on were we at, and as to why I'm bullish...

I will post a video showing the pro and cons on the bear & bull camp. I will also show you what the candle are saying....
"W. D. Gann said that time is the most important factor among all things."
  • #917,082
  • Aug 15, 2014 5:27pm Aug 15, 2014 5:27pm
Photos of Russians Sneaking into Ukraine


enjoy the wknd
Twitter: @TrendersGame
  • #917,083
  • Aug 15, 2014 5:47pm Aug 15, 2014 5:47pm
lifeticker with map, pictures and comments:

http://liveuamap.com/e/2014/15-of-au...3964844&zoom=8

about hundred russian tanks are on their way to ukraine / or already in the urkraine
just do it
  • #917,084
  • Aug 15, 2014 5:57pm Aug 15, 2014 5:57pm
Quoting thodie
lifeticker with map, pictures and comments: http://liveuamap.com/e/2014/15-of-au...3964844&zoom=8 about hundred russian tanks are on their way to ukraine / or already in the urkraine
Looks like this weekend is about to get heated up, and EU would take a beat next week.
Pipping in my chaffee!
  • #917,085
  • Aug 15, 2014 6:25pm Aug 15, 2014 6:25pm
Quoting OnlineAddict
{quote} I think a slow up the rest of the day, since its been already bottoming a lot during the EU and US session so far. But who knows...
Euro has been so predictable this week, I hope it stays the same way next week.
Everyone can see the chart, but only a few can actually read it.
  • #917,086
  • Aug 15, 2014 6:50pm Aug 15, 2014 6:50pm
Quoting vector0
{quote} Thanks for your view sharing and the charts. Agree with your analysis. bulls are getting closer to the show. you mentioned you missed a perfect entry pattern in your original post, is that the 'double-tap' entry that you referred to in your charts? is it a form of retest / pull-back buy?
Yes it is a form of a retest. Double tap (double top) is the term I use in the live online trading room I am a part of. The group takes market open trades every day after a market outlook is given and are very successful. However, these trades happen too early for me so I generally trade after US red news has cleared. I have included an image of the ENTRY patterns I use for determining a trigger. The ones posted are for short trades, the inverse of the pattern is true for longs. A double tap, triple tap, head and shoulders, reverse HS, 3 point turn, and one we call the leaning ghost (my favorite) are proven patterns for entry triggers on all levels of charts, immediate, midrange, and daily.

entry_triggers_2.png


These provide a tangible pattern to look for and a precise location to place a pending buy/sell line along with a great area for a solid SL level and are HIGHLY effective (as long as the pattern occurs in the correct area matched with correct PA). For instance a midrange chart HH followed by a HL at supt, accompanied by favorable daily candles ( the Euro trade I missed this morning). When this happens, I drop down to my immediate time frame entry chart (M3 renko) for a more precise entry and to minimize my stop. I would never take one of these triggers if they randomly appear outside a supt/resistance box, unless I am going with a strong trend.

The BASIC progression: 1) Consider daily; 2) consider midrange, 3) if PA points to it, look for the entry trigger in a supt/resistance box on your lowest time frame, hopefully with the medium term and long trend. If counter trend stay 1-1 RR, and let areas of s/r acting as your lock profit and take profit areas. AND trade around key news events. NEVER speculate based on some news release. Can't tell you how many bad trades I have taken thinking price was going to go to a certain level based on some news release. Trade around news, wait for the news event to clear, and take your entry based on price action.

I rarely know what was said in the news while trading, only that a news release has passed and that now I can look for an entry. Too many people speculate on what was said in the news on this board in my opinion. Be aware of the news release, then let PA dictate your entry, and never hold a large position prior to a major news release...this is gambling especially once high volume trading returns in September.

Here is a trade I mapped out and entered on my entry chart a few weeks ago. You can see the entry trigger, but I took that trigger based on my midrange chart (M8) price action. HH on midrange chart, followed by a pullback to support and a great trigger on my entry chart. An extremely high probability trade.

2014-08-01_EU.png

Here are two 3 point turn entries I took as the trend passed through key levels. I have many other examples if you are interested

14-07-16_(rob) (1).png

I traded standard candles for several years, but went to median renko charts for PA trading because they eliminate sideways price action and adjust to the speed of the market. This cleans things up and makes it easier to read PA. A line chart was added to further clarify entry patterns. IF no trigger appears, you don't take the trade.

I do take a lot of scalps, don't hold trades overnight, or over the weekend. Don't stare at screens all day, all trades taken off of a 24 hour server so i can shut down things and work off of cell alerts. This is designed to limit trading psychology and trade mechanically without emotion.

This has been developed over a decade and I am constantly looking for improvements. I tend to not use, moving averages, pivots, rsi, or fibo levels although I do place a fibo retrace on a chart now and again.

I find pure price action much more reliable than indicators and retrace levels. The cleaner a chart is with less noise the clearer I tend to think.

Trading ain't easy, I've made every mistake in the book, lost my ass on occasion, but I understand now that this game takes experience....and that means trading live with substantial lot sizes that have the potential to change your life. My rule is 0.1 lot for every $2000 in my account is the most I risk. IF a person is a career demo or micro trader...then what's the point? You can't truly evaluate your trading ability unless you have some true skin n the game.....

Said much here, but explaining my trading to others helps solidify things for me.

Cheers!
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  • #917,087
  • Aug 15, 2014 7:06pm Aug 15, 2014 7:06pm
Quoting 3Davy
{quote} From where do you think that you can go short?
3Davy

Sorry took me a while to get back to you...here it is.

There are potential for longs and shorts here. That is why I trade intraday. Hope this helps

Have a nice weekend
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  • #917,088
  • Aug 15, 2014 7:51pm Aug 15, 2014 7:51pm
Quoting KillerWhale
{quote} I just use MACD and 2 stochs, 15.5.5 and 5.3.3, oh yes and of course always the GANN HILO and that works fine for me.
Thanks Killer & spino. Good info.
  • #917,089
  • Aug 15, 2014 8:21pm Aug 15, 2014 8:21pm
Quoting KillerWhale
Results so far this month, lol A USA savings account would take 10 years for this result! {image}
and THAT gentlemen, tells you everything you need to know about the US economy/financial structure.
  • #917,090
  • Aug 16, 2014 4:28am Aug 16, 2014 4:28am
AU TICK/M5

Anyone else have this discrepancy from AUDUSD yesterday in the minute of 13:34 BST? I have a 40 pip drop occurring within this 1 minute window as seen on the tick chart - and clearly NOT seen on the M1 chart.
Attached Image (click to enlarge)
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  • #917,091
  • Aug 16, 2014 4:44am Aug 16, 2014 4:44am
Quoting chazzle
AU TICK/M5 Anyone else have this discrepancy from AUDUSD yesterday in the minute of 13:34 BST? I have a 40 pip drop occurring within this 1 minute window as seen on the tick chart - and clearly NOT seen on the M1 chart. {image}
i saw gold was dropping quick to below 1300 and bounced also .............#Ukraine ? or #Rumor(?) that soros increased his "sell" in stock ?

whatever.. still trying to catch 3650 even not in straight line
not euphoria follower
  • #917,092
  • Aug 16, 2014 4:51am Aug 16, 2014 4:51am
Quoting FXSayWhat
{quote} Hi AsadKiani, the chart suggestion was based on monthly candles.
Thank you
  • #917,093
  • Aug 16, 2014 5:00am Aug 16, 2014 5:00am
or more to 1.5-52
Attached Image(s) (click to enlarge)
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More on my Blog...
  • #917,094
  • Aug 16, 2014 5:01am Aug 16, 2014 5:01am
Quoting iqyu5an
{quote} i saw gold was dropping quick to below 1300 and bounced also .............#Ukraine ? or #Rumor(?) that soros increased his "sell" in stock ? whatever.. still trying to catch 3650 even not in straight line
yeah - seen the bounce in Gold just now and silver not being so bouncy - all PA the same on all timeframe charts there so everything "normal" - I checked out the Soros story a little and it seems that his S&P puts are just a hedge for his Net long S&P position - which I'm sure the market as a whole would have been aware of.

And yes - with you on EU perspective - I have weekly levels 477 and 588 above - still well below the May/Aug (so far)swing mid in the 660s - all flat at the moment - but more longs coming next week - All the best mate

EU W1
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  • #917,095
  • Aug 16, 2014 5:39am Aug 16, 2014 5:39am
Quoting chazzle
{quote} yeah - seen the bounce in Gold just now and silver not being so bouncy - all PA the same on all timeframe charts there so everything "normal" - I checked out the Soros story a little and it seems that his S&P puts are just a hedge for his Net long S&P position - which I'm sure the market as a whole would have been aware of. And yes - with you on EU perspective - I have weekly levels 477 and 588 above - still well below the May/Aug (so far)swing mid in the 660s - all flat at the moment - but more longs coming next week - All the best mate...
thank for the "hedge" info of soros buddy....

EU : aniway my weekly candle-broker closed few pips below weekly open...but overall ( till 4H and daily ) closed above monthly open already... . still hold long over the weekend .

meanwhile.... 50 pips hit and run for Kiwi in Long
not euphoria follower
  • #917,096
  • Aug 16, 2014 11:27am Aug 16, 2014 11:27am
Quoting nessus94
{quote} Yes we know nothing
Lol. If initiating shorts from these levels you don't. You were probably buying around 1.39 too?

Still feeling the longs.

Shorts are long term, and they have to sit through daily/weekly correction wave now if they want a lower target.

Should rally to 1.3475/1.3525

EU D1/W1
Attached Image(s) (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #917,097
  • Aug 16, 2014 12:43pm Aug 16, 2014 12:43pm
I wont call you the Alpha or the Omega! That name is for the creator. God. But i can say that youre a great and awesome trader. Im sorry i never gave you a chance to air your view. Im sure you know there alot of so called fx gurus who are fakes. Im apologizing publicly and letting the whole of forex factory know that similarity must rule forever.

To the rest of the house, eurusdd seemed a little egotistic but IMO we were wrong. He had good intentions. But we didnt give him fair hearing.

..........must









Quoting Eurusdd
Just passing through . Nice weekend in advance and good pipping!
  • #917,098
  • Aug 16, 2014 1:00pm Aug 16, 2014 1:00pm
Quoting Rag2RichesFX
{quote} Lol. If initiating shorts from these levels you don't. You were probably buying around 1.39 too? Still feeling the longs. Shorts are long term, and they have to sit through daily/weekly correction wave now if they want a lower target. Should rally to 1.3475/1.3525 EU D1/W1 {image} {image}
fortunately i wasn't buying then. most of those guys closed those demo's and went home. even now i haven't bought although i could have several times where i perceived a bounce may occur, near 3325/12.. there are some nice hammers near 3325 on those tf. no denying on those tf it looks bullish. but the time to long was near 3325... that monthly candle with trend can easily slap down those smaller tf. atm i see those candles inside, w/o having broke 3444. this thing may still go either way. the set up for 3289 is still valid..last week closed red, and the day candle closed below the current cluster high close at 3403.6, the same one the week closed below.. all we had last week was a inside week.. that closed red..w/o challenging 3444. it may go up, but the argument has big flaws. it may be less bearish, that dont make it bullish. break 34444 or at least 3433 and i may be a buyer after the retrace to 3384, if the low holds
Attached Image
those who can, do. those who cant, talk about those who can
  • #917,099
  • Edited 10:22pm Aug 16, 2014 3:42pm | Edited 10:22pm
Quoting ephisi
I wont call you the Alpha or the Omega! That name is for the creator. God. But i can say that youre a great and awesome trader. Im sorry i never gave you a chance to air your view. Im sure you know there alot of so called fx gurus who are fakes. Im apologizing publicly and letting the whole of forex factory know that similarity must rule forever. To the rest of the house, eurusdd seemed a little egotistic but IMO we were wrong. He had good intentions. But we didnt give him fair hearing. ..........must {quote}
Nothing more than historical Support and Resistance from www.babypips.com, renamed it to Alpha, Omega, Holygrail, or anything to attract attentions

+ Delusion of Grandeur when you constantly seeking attentions and being praised by noobs

A delusion of grandeur is the fixed, false belief that one possesses superior qualities such as genius, fame, omnipotence, or wealth. It is most often a symptom of schizophrenia, but can also be a symptom found in psychotic or bipolar disorders, as well as dementia (such as Alzheimer’s).

People with a delusion of grandeur often have the conviction of having some great but unrecognized talent or insight. They may also believe they have made some important discovery that others don’t understand or appreciate.

Or the similarity marketing strategy .............
  • #917,100
  • Aug 16, 2014 4:24pm Aug 16, 2014 4:24pm
Quoting gatorinla
{quote} fortunately i wasn't buying then. most of those guys closed those demo's and went home. even now i haven't bought although i could have several times where i perceived a bounce may occur, near 3325/12.. there are some nice hammers near 3325 on those tf. no denying on those tf it looks bullish. but the time to long was near 3325... that monthly candle with trend can easily slap down those smaller tf. atm i see those candles inside, w/o having broke 3444. this thing may still go either way. the set up for 3289 is still valid..last week closed...
My buddy sees 3292 but I told him as I'll tell you that when a level is too obvious, people front run the level and sometimes it never comes to fruition.
I know I certainly place "teasers" orders before the big orders, just because I'd rather catch the move with "something". Even if its a little something.
I expect a dip to start the week but we should finally get that bullish weekly close this week

I rarely enter market as a consumer of liquidity. Almost always as a producer.
Thanks for the chart/view gator. Have a solid week.
Be hopeful in a winning position, and fearful in a losing position.
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